OPEN-SOURCE SCRIPT
EMA 5-8 Crossover Indicator

//version=5
indicator("EMA 5-8 Crossover Indicator", shorttitle="EMA Cross", overlay=false)
// EMA calculations
ema5 = ta.ema(close, 5)
ema8 = ta.ema(close, 8)
// Crossover signals
bullishCross = ta.crossover(ema5, ema8) // EMA5 crosses above EMA8 (BUY)
bearishCross = ta.crossunder(ema5, ema8) // EMA5 crosses below EMA8 (SELL)
// Trend state (for continuous background)
var int trend = 0
if bullishCross
trend := 1
else if bearishCross
trend := -1
// EMA lines (in lower pane)
plot(ema5, title="EMA 5", color=color.new(color.blue, 0), linewidth=2)
plot(ema8, title="EMA 8", color=color.new(color.orange, 0), linewidth=2)
// Continuous background colors
bgcolor(trend == 1 ? color.new(color.green, 85) : trend == -1 ? color.new(color.red, 85) : na, title="Trend Background")
// Alert conditions
alertcondition(bullishCross, title="BUY Signal", message="EMA 5 crossed above EMA 8 - BUY!")
alertcondition(bearishCross, title="SELL Signal", message="EMA 5 crossed below EMA 8 - SELL!")
indicator("EMA 5-8 Crossover Indicator", shorttitle="EMA Cross", overlay=false)
// EMA calculations
ema5 = ta.ema(close, 5)
ema8 = ta.ema(close, 8)
// Crossover signals
bullishCross = ta.crossover(ema5, ema8) // EMA5 crosses above EMA8 (BUY)
bearishCross = ta.crossunder(ema5, ema8) // EMA5 crosses below EMA8 (SELL)
// Trend state (for continuous background)
var int trend = 0
if bullishCross
trend := 1
else if bearishCross
trend := -1
// EMA lines (in lower pane)
plot(ema5, title="EMA 5", color=color.new(color.blue, 0), linewidth=2)
plot(ema8, title="EMA 8", color=color.new(color.orange, 0), linewidth=2)
// Continuous background colors
bgcolor(trend == 1 ? color.new(color.green, 85) : trend == -1 ? color.new(color.red, 85) : na, title="Trend Background")
// Alert conditions
alertcondition(bullishCross, title="BUY Signal", message="EMA 5 crossed above EMA 8 - BUY!")
alertcondition(bearishCross, title="SELL Signal", message="EMA 5 crossed below EMA 8 - SELL!")
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.